Why I Would Not Vote for Cain

Why I would not vote for Cain

By Joseph Parish

Herman Cain is presently perceived as one of the foremost prospective candidates for the position of Republican presidential candidate. In fact, in a recent GOP straw poll conducted in the state of Florida he proved to be the top contender. The unfortunate situation in all of this is that we as voters know very little about this candidates past. Granted, we are all aware that he was a successful CEO of Godfather’s Pizza but very little after that has been brought to light. The information presented here needs to be seen and devoured by all the voters. Could it be that perhaps Mr. Cain may perchance be an unethical and uncaring person?

Federal Reserve Chairman:

Former Federal Reserve official Herman Cain has been overheard complaining about the questions and comments relating to his opposition for an independent audit of the Federal Reserve (Eddlem, 2011). He contends that he has never advocated an opposition to the audit and the comments being made are originating from his opponents political camp.

In fact, as is usual with political flip-flopping, Cain now favors an audit of the Federal Reserve however critics have pointed out that during a radio interview the former chairman of the Reserve branch in Kansas City opposed said audit. On the Neil Boortz Show dated December 29 of 2010, Cain replied that the reserve had plenty of internal audits so there was no reason to audit it again at the federal level. Once again however Cain did a flip-flop on us concerning the audit issue and he is now in favor of an independent audit.

In this period of bank turmoil, our turbulent inflation, the increased mortgage foreclosure rates and the federal bailout frenzy, we have to question the judgment of placing a banker in such a position as president of our nation. It would seem to be a very unwise decision on the part of voters to elect a former Federal Reserve Chairman in such a high position. 

Additionally, Citibank was to become the single largest bank recipient for federal bailout funds as managed under the government’s TARP bailout program. Keep in mind that Cain is an avid supporter of this program as well. Folks, we are talking major money here on the order of $45 billion in direct investment along with an additional $306 billion in asset guarantees from our federal government. It might seem like a lot of money but when compared to the Federal Reserve’s loans provided to Citigroup this was nothing. According to the records of the General Accountability Office, Citigroup received $2.5 trillion from the government in loans (Eddlem, 2011).